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Heavy Industrial Investment/Owner User Opp. 1150-1164 Old Bayshore Hwy 14,490 SF Industrial Building San Jose, CA 95112 $5,621,200 CAD ($387.94 CAD/SF)
Executive Summary
BELOW MARKET ACQUISITION
• Offered at $4,000,000 ($276/SF).
• Estimated vacant market value of approximately $350/SF.
• Approximately $1,000,000 below estimated vacant owner-user value.
• Opportunity to acquire a Silicon Valley industrial asset below market pricing.
BELOW MARKET RENT UPSIDE
• Leased to FleetPride, Inc. through November 30, 2028.
• FleetPride is the nation's largest independent distributor of heavy-duty truck and trailer parts, operating more than 300 locations across 46 states.
• Existing lease is below current market rental rates.
• Current Rent: $12,400/mo. ($0.86 SF Modified Gross)
• No remaining renewal options.
• Opportunity to negotiate a new market-rate lease or occupy the building upon lease expiration.
• Pro forma at approximately $1.50/SF NNN reflects an estimated 6.50% cap rate.
FUNCTIONAL INDUSTRIAL BUILDING
• ±14,490 SF concrete tilt-up industrial building.
• ±16' clear height.
• 2 grade-level loading doors.
• Sprinkler system.
• Approximately 3,000 SF office/showroom.
• ±0.76-acre fully fenced and paved site.
HEAVY INDUSTRIAL ZONING (HI)
• Permits a broad range of industrial uses.
• Ideal for warehouse, manufacturing, distribution, contractor yard, and automotive uses.
PRIME SILICON VALLEY LOCATION
• Frontage on Old Bayshore Highway.
• Immediate access to US-101 and Interstate 880.
• Minutes from Mineta San Jose International Airport.
• Located in one of Silicon Valley's most established industrial corridors.
• Offered at $4,000,000 ($276/SF).
• Estimated vacant market value of approximately $350/SF.
• Approximately $1,000,000 below estimated vacant owner-user value.
• Opportunity to acquire a Silicon Valley industrial asset below market pricing.
BELOW MARKET RENT UPSIDE
• Leased to FleetPride, Inc. through November 30, 2028.
• FleetPride is the nation's largest independent distributor of heavy-duty truck and trailer parts, operating more than 300 locations across 46 states.
• Existing lease is below current market rental rates.
• Current Rent: $12,400/mo. ($0.86 SF Modified Gross)
• No remaining renewal options.
• Opportunity to negotiate a new market-rate lease or occupy the building upon lease expiration.
• Pro forma at approximately $1.50/SF NNN reflects an estimated 6.50% cap rate.
FUNCTIONAL INDUSTRIAL BUILDING
• ±14,490 SF concrete tilt-up industrial building.
• ±16' clear height.
• 2 grade-level loading doors.
• Sprinkler system.
• Approximately 3,000 SF office/showroom.
• ±0.76-acre fully fenced and paved site.
HEAVY INDUSTRIAL ZONING (HI)
• Permits a broad range of industrial uses.
• Ideal for warehouse, manufacturing, distribution, contractor yard, and automotive uses.
PRIME SILICON VALLEY LOCATION
• Frontage on Old Bayshore Highway.
• Immediate access to US-101 and Interstate 880.
• Minutes from Mineta San Jose International Airport.
• Located in one of Silicon Valley's most established industrial corridors.
Property Facts
| Price | $5,621,200 CAD | Rentable Building Area | 14,490 SF |
| Price Per SF | $387.94 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1980 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 0.55/1,000 SF |
| Building Class | C | Clear Ceiling Height | 16’ |
| Lot Size | 0.76 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | HI - Heavy Industrial | ||
| Price | $5,621,200 CAD |
| Price Per SF | $387.94 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.76 AC |
| Rentable Building Area | 14,490 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Tenancy | Single |
| Parking Ratio | 0.55/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | HI - Heavy Industrial |
Amenities
- Fluorescent Lighting
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,157,491 CAD | |
| Land Assessment | $91,787 CAD | Total Assessment | $1,249,278 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$91,787 CAD
Improvements Assessment
$1,157,491 CAD
Total Assessment
$1,249,278 CAD
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Heavy Industrial Investment/Owner User Opp. | 1150-1164 Old Bayshore Hwy
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